Categories AlphaGraphs, Earnings, Finance
GNW Earnings: A snapshot of Genworth Financial’s Q1 2023 results
Insurance service provider Genworth Financial, Inc. (NYSE: GNW) has reported lower earnings and revenues for the first quarter of 2023. The company repurchased around $68 million of its stock during the quarter.
Net income available to shareholders decreased to $62 million or $0.12 per share in the March quarter from $191 million or $0.37 per share in the prior-year period.
The bottom line was negatively impacted by a 2% decline in revenues to $1.85 billion. Premium revenues remained unchanged year-over-year, while net investment income rose 3%.
“Genworth’s recent achievements enable us to further refine our priorities to maximize long-term shareholder value by allocating capital from Enact, launching our CareScout services business, and stabilizing LTC through our multi-year rate action plan. As we continue to execute on our priorities, we will be well-positioned to continue returning capital to shareholders,” said Genworth’s CEO Tom McInerney.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
